Hickory Point Bank & Trust Invests $244,000 in Entergy Corporation (NYSE:ETR)

Hickory Point Bank & Trust acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,218 shares of the utilities provider’s stock, valued at approximately $244,000.

Several other large investors have also modified their holdings of the stock. Levin Capital Strategies L.P. bought a new stake in shares of Entergy during the 4th quarter worth $227,000. Duncker Streett & Co. Inc. boosted its stake in shares of Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 179 shares in the last quarter. Tower View Wealth Management LLC boosted its stake in shares of Entergy by 99.5% during the 4th quarter. Tower View Wealth Management LLC now owns 413 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 206 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Entergy by 110.0% in the fourth quarter. Metis Global Partners LLC now owns 14,342 shares of the utilities provider’s stock valued at $1,087,000 after purchasing an additional 7,514 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Entergy by 109.5% in the fourth quarter. US Bancorp DE now owns 60,296 shares of the utilities provider’s stock valued at $4,572,000 after purchasing an additional 31,514 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ETR. Wells Fargo & Company increased their target price on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. UBS Group increased their target price on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Scotiabank reduced their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, January 7th. BMO Capital Markets increased their target price on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average price target of $82.14.

Entergy Trading Up 2.4 %

Entergy stock opened at $87.29 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The company has a market capitalization of $37.57 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 2.34 and a beta of 0.72. Entergy Corporation has a one year low of $49.80 and a one year high of $88.38. The company’s fifty day moving average price is $80.59 and its two-hundred day moving average price is $72.53.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the prior year, the business posted $0.26 earnings per share. On average, analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio is currently 98.77%.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.